House subcommittee chair sticks to August time line for CFIUS bill, with tweaks

Rep. Andy Barr (R-KY), the chairman of the House Financial Services subcommittee, is still aiming to send by August a bill to the president’s desk that is based on Sen. John Cornyn’s (R-TX) legislation to modernize and expand the jurisdiction of the Committee on Foreign Investment in the United States, he told Inside U.S. Trade on Thursday after a hearing with administration officials on the national security watchdog. “I do think it’s possible,” Barr told Inside U.S. Trade...